Author: Fernanda T
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Tesla Offers No Yearly Merit Bonuses, FedEx EPS Falls Short, Alibaba Leadership Shift, and More
U.S. index futures show a negative trend in pre-market trading this Wednesday, in contrast to the robust recovery observed in the major indices in 2023. At 05:02 AM, the Dow Jones futures (DOWI:DJI) fell 19 points, or 0.05%. The S&P 500 futures fell 0.15%, and the Nasdaq-100 futures declined 0.28%. The 10-year Treasury bond yield…
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Crypto: BlackRock’s ‘IBIT’ ETF Revamp, SEI & BNB Surge on Tuesday, and More
Bitcoin faced its first weekly drop after eight weeks of gains After eight consecutive weeks of gains, Bitcoin (COIN:BTCUSD) recorded its first weekly decline last week, with about $345 million in long and short positions liquidated, mostly in long positions. According to analyst Matteo Greco of Fineqia International, this movement resulted in high volatility and…
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Google $700M Antitrust Settlement, TSMC Chairman Retirement, Tesla Nevada Wage Hike, and More
U.S. index futures maintain stability in Tuesday’s pre-market, on a day with few scheduled economic events. As of 05:28 AM, the futures of the Dow Jones (DOWI:DJI) rose 17 points, or 0.05%. The futures of the S&P 500 rose 0.06% and the futures of the Nasdaq-100 rose 0.03%. The yield rate of 10-year Treasury bonds…
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Crypto: OKX Dominates NFT Market, FTX Reveals Bankruptcy Plan, and More
Bitcoin and Ether see a drop; Futures liquidations reach $103.5 million At the time of writing, Bitcoin (COIN:BTCUSD) and Ethereum (COIN:ETHUSD) are experiencing drops of -0.1% and -1.75%, respectively, with Bitcoin struggling to gain momentum. Futures liquidations tracked by tokens have reached $103.5 million in the last 12 hours, with the majority being long positions.…
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Illumina’s Grail Divestment, Arm’s China Layoffs, IBM’s Software AG Acquisition, and More
U.S. index futures started the week in positive territory on Monday, after the three major indices recorded seven consecutive weeks of gains. At 5:10 AM, Dow Jones futures (DOWI:DJI) rose 64 points, or 0.17%. S&P 500 futures rose 0.21%, and Nasdaq-100 futures rose 0.12%. The yield on 10-year Treasury bonds was at 3.898%. In the…
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Crypto: BONK Fuels Saga Phone Sales, SafeMoon Files for Bankruptcy, and More
Bitcoin is just below $42,000 after reaching 20-month highs, with optimistic forecasts for 2024 After hitting its highest levels in the last 20 months the previous week, Bitcoin (COIN:BTCUSD) appears to have established a trading range between $42,000 and just over $43,000 during this week. The cryptocurrency is currently trading at around $41,860, showing a…
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GM Layoffs, Costco Announces $15 Dividend, Intel’s AI Chip Line, and More
The U.S. futures indices are showing an increase in pre-market trading on Friday, with the Dow Jones aiming to consolidate this week’s gains. This positive trend suggests the possibility of a seventh consecutive week of gains, marking the index’s momentum in reaching new all-time highs. At 06:23 AM, the Dow Jones futures (DOWI:DJI) rose 95…
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Crypto: BONK Price Soars Following Coinbase Listing, JPMorgan Predicts Ethereum Dominance in 2024, and More
Bitcoin boosts the crypto market with a $40 billion surge Following recent statements by Jerome Powell, the chairman of the Federal Reserve, financial markets reacted with expectations of seven interest rate cuts in 2024, with the federal funds rate potentially reaching between 3.50% and 3.75%. This prediction boosted several indices, with the Dow Jones surpassing…
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Apple Stocks Reach Record, Adobe Faces Stock Drops, Berkshire Hathaway Increases Stake in OXY, and More
U.S. index futures are showing an increase in the pre-market on Thursday, following the Dow Jones closing at a historic high the day before due to indications from the Federal Reserve of several rate cuts in 2024. At 05:30 AM, the Dow Jones futures (DOWI:DJI) rose 85 points, or 0.23%. S&P 500 futures were up…
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Crypto: Cardano Soars 70% in a Month, S&P Global’s Stablecoin Ratings, and Latest Updates
Bitcoin and altcoins await the Fed’s decision Bitcoin (COIN:BTCUSD) and other cryptocurrencies have stabilized after a recent drop that took prices to their lowest level in 20 months. Investors and analysts are closely watching the U.S. Federal Reserve, anticipating potential interest rate cuts and awaiting approval of the first Bitcoin ETF. Bitget analyst Fernando Pereira…